Is 97222, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 97222 has remained a Seller's Market.
Housing Prices in 97222, OR
How much do homes in 97222, OR cost?
Median Sold Price
$486,775
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97222 was $486,775 in March 2024, down 0.7% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $269K | +7.6% |
2 Bedrooms | $390K | $380K | -2.6% |
3 Bedrooms | $492.5K | $480K | -2.5% |
4 Bedrooms | $590K | $560K | -5.1% |
5+ Bedrooms | $670K | $765K | +14.2% |
Summary: 97222 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 97222, OR
How many homes are available in 97222, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 119 | +3.5% |
Summary: The 97222 real estate market had 119 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 48 | 55 | +14.6% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 97222 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 97222 in March 2024, up by 42.9% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.
Days on Market for 97222, OR
How long does it take to sell a home in 97222, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 24 Days | -0.8% |
Summary: Homes in 97222 had an average of 24 days on market in Mar 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 97222; 80% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.